PO Exam General Awareness Material for IBPS – CWE and SBI

Following are some practice questions for IBPS Written Examination for Probationary Officers / Management Trainees. The bit bank is also useful for SBI and other Bank PO examinations which are outside the purview of IBPS. The key for these model questions is available at the end of the bits. General Awareness is a subject which changes constantly. Candidates should note that many of the bits may be out of the context by the time they will be going to appear for IBPS -CWE for Probationary Officers.

1. On 25 January 2011, RBI announced its third quarter review of monetary policy review. Pickup incorrect statement.
1) Repo rate has been increased from 6.25% to 6.50%
2) Reverse Repo rate has been increased from 5.25% to 5.5%
3) Cash Reserve Ratio unchanged at 6%
4) Since March 2010, Repo rate has been increased by 1.75% , Reverse Repo rate has been increased by 2.25%
5) None

2. RBI recently extended the additional liquidity support to banks under the liquidity adjustment facility (LAF) to the extent of up to …?
1) 2% 2) 3% 3) 1% 4) 5% 5) 1.5%

3. On 14 January 2011, which bank launched ‘Bank on bike’, a banking service to extend banking services in rural areas, first time in India at Cheriyal village of Medak district in Andhra Pradesh?
1) Andhra Bank
2) State Bank of Hyderabad
3) ICICI
4) Syndicate Bank
5) State Bank of India

7. The Foreign Direct Investment (FDI) details are given. Pick up correct statements.
1) FDI in private banks allowed up to 74%
2) FDI in Public sector banks allowed up to 20%
3) FDI allowed 100% through the automatic route in townships, housing, built-up infrastructure and construction-development projects.
4) China remains the most popular destination for Foreign Direct Investment (FDI) in the world as per the statement given by UNCTAD on 7 September 2010.
5) All of above

8. Which party led the 6000 km Ekta Yatra to unfurl the national flag at Lal Chowk in Jammu and Kashmir?
1) Congress (I) 2) Bahujan Samaj Party 3) BJP 4) National Conference 5) Samajwadi Party

9. Award list is given. Pick up correct statements.
a) J.K. Rowling, author of the ‘Harry Potter’ series of books, has won the Hans Christian Andersen Literature Prize.
b) Dr. Anil Kakodkar, former Chairman of Atomic Energy Commission was awarded the Indian Nuclear Society's Homi Bhabha Lifetime Achievement Award for the year
2009.
c) Taking note of his work for the welfare of children, A.R. Rehman received Crystal Award of the World Economic Forum.
d) Padma Vibhushan conferred on Dr. (Smt.) Kapila Vatsyayan from the discipline of Art
e) MAKE (Most Admired Knowledge Enterprise) Award conferred on Infosys Technologies.

11. Which country people raising protests to bring down the 30 year prolonged dictatorship of President Hosni Mubarak?
1) Mynmar 2) Sudan 3) Egypt 4) North Korea 5) Venezuela

12. What is meant by Stapled visa? (China is issuing stapled visas to the residents of Jammu & Kashmir and Arunachal Pradesh, when they visit China).
1) When the visas are issued for the VIPs like President of USA and Russia. Their Visas bear no photo.
2) The visas issued to students to pursue education out side of the commonwealth nations by the American States.
3) When the visas for a visiting country are issued on a separate paper rather than on the passport.
4) When the visas are issued for the refugees like Dalai Lama and Karmapa Lama by India.
5) Visas issued to the Sports personal.

22. RBI had set up the sub-committee, headed by Mr. Y.H. Malegam to give recommendations on the Microfinance institutions. His recommendations do not include … ?
1) Create Separate category of Non- Banking Finance Companies (NBFC) operating in the microfinance sector.
2) Even for Micro-finance loan sector, the set up of Credit Information Bureau is essential.
3) Micro Finance companies must be audited by the lead banks of the concerned districts on monthly basis.
4) Limiting the lending to the same borrower to two Microfinance institutes.
5) Micro Finance Companies must not charge more than 24% from borrowers.

26. After 6 years fight, which company got nod from the environment ministry to establish a 12–million - tonne - per - annum steel plant along with captive power plant and a captive port in Orissa? This company has its brain in South Korea.
1) POSCO 2) Mittal 3) Nippon 4) Tata 5) SAIL

29. Which telecom company became the first to launch ‘Mobile Wallet Services’ in the country on 31 January 2011. It is convenient and secure way of making payments through this mobile platform.
1) IDEA 2) AIRCEL 3) AIRTEL 4) TATA DOCOMO 5) BPL